Scarcity mindset
why do I make bad money decisions when broke
Scarcity is a mode of thinking produced by not having enough, which narrows attention onto the immediate shortfall and reduces the mental bandwidth available for long-range decisions. It is a consequence of conditions, not a personal failing.
What to do about it
Automate one long-range decision so it stops competing with today's shortage for attention.
Books that work on this
Each is a 90-day programme. Start with the first — later books assume the work in the earlier ones.
Discipline With MoneyComing soon
Boring Money Habits$6.99
Time Costs Money$6.99
Money Without Drama$6.99
The Success BlueprintComing soon
Broke Is DecisionComing soon
The Wealth VoiceComing soon
Build Before SpendComing soonPart of the Success series.
How people say it
Nobody looks this up by its clinical name. These are the ways it actually gets said.
- I cannot think past this month
- money stress makes me stupid
- always in survival mode financially
- why do I make bad money decisions when broke
- cannot plan ahead
- scarcity mindset money
Written by Brian Spiker, who has run Spiker Carpet and Tile Care since 2013 — the receipts. More terms in the encyclopedia.